GPRO

GoPro, Inc.

6.40
USD
-3.61%
6.40
USD
-3.61%
5.25 12.14
52 weeks
52 weeks

Mkt Cap 839.35M

Shares Out 126.41M

Chat
Send me real-time posts from this site at my email

4 Audio Video Stocks That Are Braving Industry Challenges

The pandemic is still affecting companies in the Zacks Audio Video Production industry. Declining consumer demand and supply chain disruptions pose major concerns. Also, fierce competition from importers of comparatively low-priced devices weighs on these industry players. Online accessibility of recording equipment and the availability of distribution channels on the Internet remain headwinds. Nonetheless, the companies are concentrating on the premium segment of the branded products market for business growth. Panasonic Corporation PCRFY, Sharp Corporation SHCAY, Sonos, Inc. SONO and GoPro, Inc. GPRO are likely to benefit from investments in cutting-edge technology solutions that create better communications experience. Industry Description This industry includes developers, manufacturers and sellers of audio, visual, and infotainment systems like Harman International Industries, Incorporated (HAR) What's Shaping the Future of Audio Video Production Industry Aggressive Competition: In the United States, smart-connected televisions, microphones and speaker enclosures are the most popular electronic devices among customers. But the U.S. manufacturers of audio and video systems continue to face intense competition from importers of comparatively low-priced devices, particularly from China, Vietnam and Mexico. The firms face stiff competition across all end markets, which often leads to intense price wars and margin contraction. Also, a decline in picture and music sales has taken a heavy toll on the industry. Nevertheless, the companies are likely to benefit from investments in cutting-edge technology solutions that create a seamless communications experience. Changing Consumer Preferences: Rapid changes due to the technological obsolescence of products lead to a plethora of challenges as the ecosystem continues to transform in the digital age. The fast-evolving industry has called for innovation, which necessitates the participants to continuously come up with ground-breaking technology to stay ahead of the curve. Keeping up with changing consumer preferences, licensee demand, shifting standards makes the industry vulnerable to operating risks. While the companies are coming up with compelling offerings to broaden their customer base, they face risks associated with new product development. Pandemic Continues to Hurt Businesses: The pandemic continues to deal a blow to the industry, with companies seeing a substantial decline in cinema product sales. Theater closures and lower sales for television productions are impairing the overall performance. While the companies keep investing for market share gains and supply chain resilience, a shortage of critical hardware components due to supply chain disruptions is expected to hurt their revenues in the near term. Unit volume shipments across end markets and devices are expected to decline. Fluctuations in commodity pricing for different components pose another concern.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue